Through looking at the boards, I learned the state I live in (Texas) is a community property state.
I wanted to try to get the loan WITHOUT my husband, even though he has the main income b/c of his defaulted student loans ($40k) that we are trying to repair. I am self employed (and will have the 2 years worth of tax returns by the time we get a house) and although I don't make as nearly as enough as him, it seems it may be our only option at this point.
My question is, what exactly does Community Property mean for a Mortgage Loan? Will they count his debt AND his income, but not his credit? Or do they have to include his credit on there as well? Any elaboration of how this will effect a mortgage loan will be greatly appreciated. Thanks!
